Core Viewpoint - Chongqing Yulong Optoelectronics Technology Co., Ltd. (Yulong Technology) has received approval for its IPO on the ChiNext board, aiming to raise 1 billion yuan for various projects and working capital [1][2]. Company Overview - Yulong Technology was established in 2014 and focuses on the research, production, and sales of intelligent control cards and precision functional devices in the new semiconductor display panel sector [1]. - The company aims to become the most valuable enterprise in China's intelligent control field and is a leading supplier of intelligent control cards for major manufacturers such as BOE and Hehui Optoelectronics [1]. Financial Performance - The total assets of Yulong Technology are projected to reach 1.49 billion yuan by June 2025, up from 1.26 billion yuan in 2023 [3]. - The company's net profit attributable to shareholders is expected to be 70.33 million yuan in the first half of 2025, showing an increase from 75.72 million yuan in 2023 [3]. - The operating income for 2023 was 697.60 million yuan, with a projected increase to 1.10 billion yuan in 2024 [3]. Funding Allocation - The IPO proceeds will be allocated as follows: 450 million yuan for the Hefei Yulong production base project, 250 million yuan for the Chongqing Yulong Phase II project, and 300 million yuan for working capital [2]. Ownership Structure - The actual controllers of the company are Wang Yalong and Li Hongyan, who collectively hold 74.16% of the company's shares [6].